Owners’ comments

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Exceptional investment opportunity - 80-unit rental complex

Offered at $17,300,000

Municipal Assessment $19,428,600 Asking
price $17,300,000


80 4 ½ homes 100% rented


120 Parking lots, 24,513 square meters lot # 5 443 402


The housing stock is in fact an integrated project, super easy to manage, the 10 buildings being on the same lot of land, a single mortgage for the 10, a single tax account, a single snow remover etc...
really simple in terms of management.


A mortgage of approximately 8 million currently on the building at a rate of 2.01% until May 2030 which is transferable to the buyer.

Discover a multi-residential building with 80 units of type 4 ½, built in 2018, representing a quality investment opportunity in a rental market that is still in high demand.

This recent complex is distinguished by the quality of its construction, its modern units and its strategic location close to numerous services, thus offering an environment sought after by tenants and promoting excellent customer retention.

Each unit offers a functional and contemporary layout including:

  • Wall-mounted air conditioning
  • Air exchanger
  • Walk-in closet
  • Floating wood and ceramic flooring
  • Bathroom with podium bath and separate ceramic shower
  • melamine kitchen cabinets
  • PVC windows
  • Poured concrete foundation
  • Skylight wood structure

The occupants also benefit from a particularly advantageous living environment:

  • Close to supermarkets, pharmacies, restaurants, restaurants, financial institutions and service shops
  • Close to daycares, elementary schools and educational institutions
  • Quick access to sports facilities, gyms, golf courses and bike paths
  • Public transport nearby
  • Peaceful and sought after area

The building offers outdoor parking as well as a modern design that meets the current expectations of the rental market.

With its recent construction, its spacious 4 ½ homes and its prime location, this building is a quality real estate asset that combines stability, valuation potential and recurring rental income.

Asking price: $17,300,000

A rare opportunity to acquire a recent multi-family complex of 80 units representing a solid investment in an attractive and growing sector.

Complete Description
Complete Description

Property features

160 bedrooms
80 bathrooms
Asking Price
$17,300,000
Details
With income
Year of construction
2018
Building dimensions
68x39 ft (20.73x11.89 m)
Certificate of Location
Yes
Building's municipal evaluation
$19,428,600
Annual income
$1,124,455.00
2 Bedroom
80

External facing:

  • Brick
  • Vinyl Siding
  • Stone

Foundation:

  • Cast concrete

Frame:

  • Wooden dunnage

Roof:

  • Asphalt shingle

Floor coverings:

  • Laminate
  • Ceramic

Windows:

  • PVC

Heating source:

  • Electric
  • Thermo-pump

Features:

  • Shed
  • Purification field
  • Central air
  • Air exchanger
  • Septic tank
  • Ceiling fixtures
  • Walk-in closet

Kitchen:

  • Melamine cabinets

Bathroom:

  • Step-up bath
  • Separate Shower

Parking / Driveway:

  • Outside

Location:

  • No backyard neighbors
  • Residential area
  • Public transportation

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Bar

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school

Near Recreational Service:

  • Golf course
  • Gym
  • Sportif center
  • Bicycle Path

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$858.42
$10,301.00
Municipal taxes
$11,071.42
$132,857.00
Electricity
$416.67
$5,000.00
Insurance
$2,083.33
$25,000.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$93,704.58
$1,124,455.00

The steps involved in buying a property

Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.

1
Financing

One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.

2
Offer to purchase

The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.

3
Conditions of purchase

The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.

4
Property transfer

The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.

Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!

More details on these steps

See our All about buying section.

Download the legal documents that you need

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$17,300,000

6 units or more for sale

3016 rue de la Visitation St-Charles-Borromée Lanaudière

No. 1144132

With income
Are you interested in this property?
Here’s how to contact the builder
Are you interested in this property?
Here’s how to contact the builder